Saint Gobain Or Regulatory News (COD)

31 Aug 2005 09:28

BPB PLC31 August 2005 31 August 2005 BPB plc ("BPB") BPB confirms rejection of Saint-Gobain's offer BPB plc ("BPB") notes the announcement earlier today by Saint-Gobain that it hasposted its Offer Document to BPB shareholders. The Board of BPB (the "Board") has no hesitation in reiterating its advice toshareholders to reject this unwelcome offer of 720p per share whichsubstantially undervalues BPB. The Board will be writing to shareholders within the next fourteen days toexplain in detail its reasons for recommending rejection of the offer fromSaint-Gobain. In the meantime, shareholders are strongly urged to take no actionin respect of Saint-Gobain's offer. The Directors of BPB have received financial advice from Rothschild. Inproviding this advice, Rothschild has placed reliance on the commercialassessment of the Directors. Enquiries James Murgatroyd/Faeth Birch, FinsburyTel: +44 (0)20 7251 3801 N M Rothschild & Sons Limited ("Rothschild"), which is authorised and regulatedin the United Kingdom by the Financial Services Authority, is acting for BPB andno-one else in connection with the matters referred to herein and will not beresponsible to anyone other than BPB for providing the protections afforded toclients of Rothschild or for giving advice in relation to such matters. This information is provided by RNS The company news service from the London Stock Exchange